What are economists saying about the Stern climate change report?
Respected Yale economist, Bill Nordhaus, calls the results "bizarre." See Greg Mankiw's quote of Nordhaus' review here. Mankiw's post includes a link to Nordhaus' review and to economist Tyler Cowen's post on Nordhaus.
UPDATE: Cambridge economist Partha Dasgupta also pans Stern. He uses the phrase "patently absurd." Another choice quote: "the strong, immediate action on climate change advocated by the authors is an implication of their views on intergenerational equity; it isn't driven so much by the new climatic facts the authors have stressed." As Mankiw says, Dasgupta also has the credentials to comment.
UPDATE: Cambridge economist Partha Dasgupta also pans Stern. He uses the phrase "patently absurd." Another choice quote: "the strong, immediate action on climate change advocated by the authors is an implication of their views on intergenerational equity; it isn't driven so much by the new climatic facts the authors have stressed." As Mankiw says, Dasgupta also has the credentials to comment.
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